Savings account

Salute Account

Current savings rate from Defence Bank. Compare the ongoing rate, bonus conditions, introductory offers, and eligibility in one place.

3.50% p.a.

ongoing rate

Rate breakdown

Base rate: 3.50%

How to earn it

No conditions

Introductory rate

8.75% for 12 months

Then reverts to 3.50% ongoing rate.

Rate current since 30 Apr 2026.

What to know

This page focuses on the ongoing rate: 3.50% p.a. That is the rate after any honeymoon period ends.

This account is effectively a no-hoops saver: there are no bonus conditions recorded for the current rate.